Wolfsburg have secured the signature of Schalke 04 midfielder Julian Draxler on the final day of the European transfer window.

The German international had been heavily linked with a number of European heavyweights this summer, but the 21-year-old has opted to remain in the Bundesliga by joining the DFB Pokal holders on a five-year contract, that will keep him at the Volkswagen Arena until 2020.

The transfer fee believed to be in the range of €35m, according to The Guardian.

#S04 agree record transfer fee as Julian #Draxler joins @VfL_Wolfsburg. More info: http://t.co/pbiLEzx69Q pic.twitter.com/ZYbMSkAMxI

— FC Schalke 04 (@s04_en) August 31, 2015

Draxler is set to replace Kevin De Bruyne, who joined the Premier League giants Manchester City on a six-year contract. 

Wolfsburg have done well to remedy the loss of De Bruyne and Perisic by signing Julian Draxler. #DeadlineDay — Nabae Asfar (@NabaeAsfar) August 31, 2015

1 – Julian #Draxler is the youngest #Bundesliga player of #Schalke, only 3 in whole BL history debuted younger. Heartpiece. @VfLWolfsburg_EN

— OptaFranz (@OptaFranz) August 31, 2015